15,751m² Vacant Land For Sale in Bothas Hill

R2,450,000

11 Nquma Road

Monthly Bond Repayment R26,550.82
Calculated over 20 years at 11.75% with no deposit.

Web Ref No 4396245

Re-zoned and Ready to go - Development Opportunity!

It is a rare opportunity to find vacant land already re-zoned for the development of 11 free-standing homes in central Hillcrest. We anticipate that the end product will be a gated estate comprising of 11 freestanding homes at an anticipated value of R1,8mil each. In addition 2 Ethekweni Municipality approved platforms have been cut which goes further to depict the proposed complex layout, retaining wall design and stormwater retention. All aspects designed by a professional Engineer and there engineering drawings were approved in May 2019.

The purchaser has the opportunity complete the development plan to include the design and size of units, internal road positions and transportation area size to fit with the home design size. This position which is close to Kassier Road is ideal in terms of freeway access, proximity to schools, shops, medical facilities and hospital. The R1,8mil market qualifies currently for 100% bonds plus transfer costs with selected banks. This makes the development ideal for first time buyers!